Networks Plan New Year's Coverage

" ABC News is spending more than $5 million on a 24-hour, telethon-like broadcast anchored by Peter Jennings from Times
Square beginning at 5 a.m. EST on Dec. 31. Although top-name entertainers will perform, it's largely a news show.

CBS, meanwhile, has turned its New Year's Eve celebration over to its entertainment division and people like David
Letterman and Steven Spielberg.

NBC appears the least interested in Y2K, at least based on time set aside to mark the occasion. The network has largely
kept its plans under wraps."